Business Insurance
Mark Hofmann
January 8, 2013
Commercial property/casualty insurance rates continued to climb in December, increasing an average 5% over those of the same month a year earlier, Dallas-based electronic insurance exchange MarketScout reported Monday.
Rates for commercial automobile increased the most at 6%, followed by commercial property and general liability at 5% each. Surety rates increased the least at 1%.
The manufacturing, service and transportation industries sustained the largest increases at 6%, while public entity and energy industry accounts reported the smallest increases at 4%.
Best Maintains Negative Outlook
MarketScout Report
